Nov 9, 2012 7:00pm PST
automakers, toyota motor and mazda motor, are expanding their business alliance, this time abroad. they have agreed to produce a toyota brand car at mazda's plant in mexico. the companies have announced that they will make 50,000 subcompact cars a year at a plant mazda is now building in central mexico. production is scheduled to begin around the summer of 2015. toyota plans to sell the cars in north america. a new design based on mazda's demio model will be used for this new car. toyota will pay for part of the necessary production equipment and also shoulder some development costs. with the agreement, toyota aims to strengthen its lineup in north america. mazda on its part is hoping to ramp up production efficiency at the new plant and improve its profitability. the two firms had earlier joined hands to produce a hybrid car in japan. >>> japanese steelmakers have reported sharp profit declines in their first half of their business year. that's due to flagging overseas demand and increasing competition from china and south korea. three steel companies said although they managed to stay
Nov 10, 2012 2:05am EST
performance in our studio. first, this is "today" on nbc. >>> the toyota concert series on "today" brought to you by toyota. >>> when singing sensation cody simpson was 11 years old, he started posting on youtube. now four years later, his music has an astonishing 147 million views. on youtube. >> that's three less than my music videos. that's amazing. we first met cody next year when several young fans showed up to watch him through our window here. they'll be happy to know cody is out with his debut album called "paradise." and already getting terrific reviews, cody. congratulations. >> thank you very much. your music is far beyond your years. that's what one of the reviews said. billboard says "a deft touch beyond his years, for breezy, toes in the sand pop tunes." >> awesome. >> how does it feel giving birth to this album? >> feels awesome. something i worked hard on for a long time. debut album is a very important move, and i just wanted to make sure it was perfect. that's why i took my time with it and made sure it really showed, you know, who i was. you know what i mean? >> we like
Nov 10, 2012 1:35am EST
? >>> it's time for usa today high school sports presented by toyota. >> it's the oldest school in loudoun county against one of the newest one. wood grove opened in 2010. loudoun county began operating in 1954. the robbery, as you would expect, still being cultivated, but it's our game of the week. the raiders say we must protect this house. they're all jacked up. this is brad toko. take it to me one more time. loudoun county up 7-love. can you take it to the house. yes, you can. can you take it to the house? oh, yes, you can. sweet run. 59 yards. 21-0 raiders. good for a score. and good enough to take your helmet off. shout loudoun proud, young man. so we've seen the air game. the run game. how about a little defense. michael rechro with the pick winning it 34-7, we're very pleased. the kids came out with a purpose. they worked extremely hard in practice. mistake-free football. i was very pleased with them. >> all right. virginia 3 a. how about those colors? pretty cool. they're all decked out in orange. it's a clockwork orange. osmond to the house. this was a close game, though.
Nov 10, 2012 5:00am PST
were head to head competitors with american companies. it was toyota versus gm. it was toshiba versus ibm, et cetera, et cetera down the line. chinese companies are subcontractors for american brands. every apple product is made in china. two weeks ago, i was seeing where they were made. but of the $1,000 for an apple computer, only about $80 or $90 stays in china. the rest is with apple and with the screen makers and advertisers and retailers and fed ex and all the rest. and so, we have a trade deficit with china. the debt that the chinese hold over us actually they view as a weakness on our side for them, rather than us. number one, it makes them hostage to the value of our dollar and to our financial markets. if we're having a discussion in china, people would say, "what are we thinking, having all our savings in these u.s. treasury notes? you know, what if they default? what -- the interest, what if they have runaway inflation, et cetera, et cetera?" it's the imbalance between the two countries is a sign of imbalance in both of our systems. we've been too debt dependent and too ov